The country has also legally recognized its central bank digital currency (CBDC), the digital som, with plans to pilot government-related payments with it.
Story Tags
CoinDesk
Latest news and analysis from CoinDesk
Related Articles
Kyrgyzstan launches stablecoin on BNB Chain, confirms future CBDC rollout
A stablecoin is now live in Kyrgyzstan, which confirmed plans to launch a CBDC and explore a national crypto reserve after meeting with strategic adviser Changpeng Zhao....
1 min
ECB Officials Hint at Steady 2% Euro Zone Rates Amid Inflation Target and Trade Uncertainties
The European Central Bank’s decision to maintain interest rates at 2% could stabilize the eurozone economy, indirectly supporting cryptocurrency markets by reducing volatility in traditional finance a...
1 min
Kyrgyzstan Launches KGST Stablecoin on BNB Chain, Explores CBDC and BNB Crypto Reserve
Kyrgyzstan has launched the KGST stablecoin, pegged 1:1 to the Kyrgyzstani som on the BNB Chain, alongside confirming plans for a central bank digital currency (CBDC) and exploring a national...
1 min